The Bankwatch

Tracking the consumer evolution of financial services

LIBOR post from May 2008 indicates the rate was a hot topic

When we consider all the selective memory on LIBOR at the moment, its always fun to go back and look at what was topical on this blog back then. 

I found this:

LIBOR and why it matters | risk that any bank could face a run on its deposits from May 8th, 2008

It was a concern because the hot topic was the high rates of LIBOR and the resultant high interest payments but large banks, and this 5 months before the Lehmans moment.

No evidence here of manipulation, but there is circumstantial evidence that the topic was under review by bankers and central banks.

Written by Colin Henderson

July 13, 2012 at 21:00

Posted in Uncategorized

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